"standard 12pt font" is biased for latin characters, though - at the larger font size, the Chinese characters are still getting much better information compression than the latin characters, which need to expand horizontally by using several characters per unit of meaning, plus separators (spacing and hyphens) to even be readable. In practice, even adjusting for font size, paragraphs of Chinese and Japanese are almost always shorter than latin-language equivalents.

Of course, the real winner of this argument is probably Korean.